Efforts to make Boughey Distribution a more efficient and therefore attractive option for subcontractors have paid off, according to owner NWF Group. In its results for the twelve months to 31 May 2016, Boughey Distribution delivered “a strong year” despite a backdrop of intense competition between its supermarket customers. The haulier, which specialises in storage and transportation of ambient groceries in the North West, focused on advance preparation of loads this year to ensure departures were on or ready ahead […]
Lloyd Fraser said it was in a strong financial position with healthy cash reserves after reporting a 3.4% increase in turnover last year.
Boughey Distribution parent NWF Group has revealed that its pre-tax profit fell by a third, despite a 16% increase in revenue. Revenue rose to £540.2m for the year-ending 31 May, up from £463.8m 2011. However pre-tax profit dropped to £5.1m, compared to £7.6m in the previous financial year. Chief executive Richard Whiting says: “NWF has delivered a profit in line with the board’s expectations and has been successful in reducing debt further than expected.” Fuel division NWF Fuels continues to […]